China’s banking market is one of the most attractive investment targets for financial institutionsworldwide especially since the opening up of the market in December 2006. Based oninterviews with experts this paper analyses the question of benefits and risks of foreign directinvestments into...

The paper analyzes if and how the experiences of European integration can be used for theprogress of East Asia integration especially of the ASEAN+3 countries1. Of special interest isthe relevance of the new endogeneity approach of monetary integration for East Asia. Thequestion is discussed in...

One major outcome of the review of the ECB’s “two pillar monetary policy strategy”, whichwas published on 8 May 2003, has been the de facto downgrading of the hitherto prominentrole assigned to the stock of money. According to the authors’ judgement, however, there is astrong theoretical...

The purpose of this study is to focus on two leading industrialized nations - theU.S. and Germany - analyze the differences in the recent trends in their respectivebanking sectors and see if indeed the banking industries in these two leadingeconomies are gravitating towards a homogeneous global...

Eine kapitalgedeckte Altersvorsorge wirkt positiv auf die Entwicklung der Kapitalmärkte.Das stetige und kräftige Wirtschaftswachstum der 90er Jahre in den USAist sicherlich auch Ergebnis der zunehmenden Bedeutung von Pensionfonds. DieKonzentration von Geldern und deren Anlage an den...

Die NE hat vielfältige ökonomische Dimensionen. Die wichtigsten sind die Überwindungdes Konjunkturzyklus, die Dynamisierung und Vernetzung der Aktienmärktemit der Realwirtschaft, der Strukturwandel zur Informations- und Wissensökonomie,schließlich die zunehmende Bedeutung von...